Key Highlights: Scammers are weaponizing legitimate XRP Ledger developmentsāsuch as Cross River Bank’s testing of the $RLUSD stablecoin and the launch of the 473 million $XRP Evernorth fundāto engineer targeted phishing campaigns. Fraudsters utilize automated software to spin up lookalike wallets (e.g., rBankxxx) and counterfeit tokens (e.g., $BANKxxx) seconds after brand announcements, tricking users via ...
Key Highlights: Cross River has integrated Ripple’s dollar-backed stablecoin, RLUSD, into its proprietary Core Operating System (COS) API. Fintechs and financial institutions can now bridge traditional fiat railsāsuch as ACH, wires, and real-time paymentsāwith XRP Ledger settlement times of three to five seconds. The initiative expands on Cross River’s digital asset offerings, positioning RLUSD as ...
Key Highlights: Cross River Bank has partnered with Ripple to incorporate the dollar-backed stablecoin RLUSD into its banking infrastructure. The strategic collaboration also encompasses financial transactions executed across the XRP Ledger (XRPL). The initiative expands the institutional utility of Ripple’s payment ecosystem and regulated digital asset solutions. Cross River Bank Partners with Ripple for Stablecoin ...
Key Highlights Cross River Bank has integrated Ripple’s blockchain infrastructure, leveraging the XRP Ledger and the RLUSD stablecoin for corporate payments. RLUSD boasts a reported market capitalization exceeding $2.5 billion, with over $1 billion minted directly on the XRP Ledger. While Cross River also serves Elon Muskās X Money, no integration between X Money and ...